Economic and National Security
Paying the Defense Bill: Financing American and Chinese Geostrategic Competition
In the face of what could be a decades-long competition, the United States and China must consider how they will finance defense spending. Leaders in both states are constrained by an intertemporal dilemma: pay the high political cost of raising taxes today,…
The Paradox of Europe’s Defense Moment
The war in Ukraine has been a wakeup call for European countries, alerting them to the reality that defense matters. But do some recent promising steps in the right direction actually signal a revival of the European Union’s drive for strategic autonomy and…
China’s Brute Force Economics: Waking Up from the Dream of a Level Playing Field
Liza Tobin argues that the time has come for the United States and its allies to abandon the notion that competing on a level playing field with China’s state-led economy is possible and confront the reality of what she calls the country’s “brute force…
Economic Might, National Security, and the Future of American Statecraft
Given the many significant challenges America faces today — including high levels of debt, political discord, the rise of China, and the emergence of Asian economies as the drivers of global growth — what is the country's plan for preserving its…